Simplii Financial is CIBC’s direct banking brand, offering no-fee banking and credit products to Canadians. The Simplii Financial Mastercard provides a no-annual-fee credit card option for everyday spending with cash back rewards—built for Simplii’s digital-first customers.
Quick Verdict
Best for: Simplii Financial banking customers who want a no-fee Mastercard for everyday spending and cash back, particularly at restaurants and grocery stores.
Not ideal for: Canadians who want the highest possible cash back rates (the Tangerine or BMO CashBack cards may offer more) or those who need a physical bank branch.
Key Card Details
| Feature | Details |
|---|---|
| Annual Fee | $0 CAD |
| Network | Mastercard |
| Reward Type | Cash back |
| Income Requirement | None stated |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Foreign Transaction Fee | 2.5% |
Note: Simplii’s card lineup and earn rates change periodically. Visit simplii.com for current offerings.
Simplii Financial Card Lineup
| Card | Annual Fee | Rewards | Best For |
|---|---|---|---|
| Simplii Financial Mastercard | $0 | Cash back | Entry-level no-fee |
| Simplii Financial Cash Back Visa | $0 | 4% restaurants, 1.5% groceries | High restaurant spenders |
| Simplii Financial Visa Infinite | $0 | Travel rewards | Travel rewards |
Benefits and Perks
- No annual fee — zero cost to carry
- Cash back on eligible purchases
- CIBC ATM access — use CIBC ATMs for no additional fees
- Online and mobile banking — full-featured Simplii app
- Purchase protection on eligible purchases
Who Is This Card Best For?
- Simplii Financial account holders who want a linked Mastercard
- Digital banking users comfortable without physical branches
- Budget-conscious Canadians who want a no-fee everyday card
Alternatives
| Card | Annual Fee | Cash Back | Best For |
|---|---|---|---|
| Simplii Financial Cash Back Visa | $0 | 4% dining | Higher cash back at restaurants |
| Tangerine Money-Back Card | $0 | 2% (3 categories) | Flexible category cash back |
| Rogers Mastercard | $0 | 1.5% everywhere | Flat-rate no-fee cash back |
Bottom Line
The Simplii Financial Mastercard is a functional no-annual-fee option for Simplii banking customers who want a basic cash back card. For maximizing cash back specifically on dining, the Simplii Financial Cash Back Visa is typically the stronger choice. Compare the full Simplii lineup at simplii.com before choosing.
Disclaimer: Card terms, earn rates, and product lineup are subject to change. Verify all current details at simplii.com before applying.